Financial and stock performance analysis of modern grocery retailers : measuring the impact of emergence of e-grocery trends and macroeconomics factors in Indonesia

About Us

Ipmi Repository is an online archive service which is managed by IPMI Library - Learning Resource Center. Established for collecting, managing, saving, preserving and disseminating digital copies of intellectual output of IPMI International Business School such as academic journal, books, theses, Group Field Project, Community Involvement Project, Case Study, conference paper, and other types of research publication. The main objective of this repository is to provide long-term, public, open access and easily retrieve to the digital collection to support teaching-learning process.

"Knowledge without observation is nil"

Kariadi, Fanny (2024) Financial and stock performance analysis of modern grocery retailers : measuring the impact of emergence of e-grocery trends and macroeconomics factors in Indonesia. Graduate thesis, Sekolah Tinggi Manajemen Ipmi.

[img] Text
Fanny Kariadi.pdf
Restricted to Registered users only
Download (2MB)

Abstract

Shifting of consumer behavior towards online triggered by pandemic and macroeconomic factors such as GDP growth rate and inflation may become challenge for modern grocery retails to keep its growth. The stock return of modern grocery retailers also found to be declining over the review period. This study aims to analyse the impact of online grocery shopping adoption and macroeconomic factors to the profitability and stock return of modern grocery retailers in Indonesia, both convenience store and hypermarket/supermarket retailers. The research used emergence period of online grocery shopping, GDP growth, inflation and market return as the independent variables, while profitability (return on assets) and stock return as dependent variables. This study used quantitative method with purposive sampling technique in collecting the required data for 2017 to 2022 period, with 2020 as the start of emergence of a-grocery trends. Research questions were answered by regression data panel analysis using EViews. This study concluded that emergence period of the online grocery shopping affected the profitability of modern grocery retailers significantly. While it has positive impact to convenience store retailers, the emergence of online grocery shopping had negative impact to the profitability of hypermarket/supermarket retailers. Other outcome shown that GDP growth and inflation had no impact to the profitability of convenience store retailers. While for the hypermarket/supermarket retailers, its profitability was not affected by GDP growth rate but negatively affected by inflation. Market return was positively affected the stock return of modern grocery retailers. However, profitability was not affecting the stock return of convenience store retailers, but positively affected the stock return of hypermarket/supermarket retailers. The findings in this study provide investors and management of modern grocery retailers with insights on how profitability and stock returns of modern grocery retailers are affected by changes of consumer behavior and certain macroeconomic factors.

Item Type: Thesis (Graduate)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Thesis > Master of Business Administration
Depositing User: Dede Faujiah
Date Deposited: 30 Jan 2024 03:52
Last Modified: 30 Jan 2024 03:52
URI: http://repository.ipmi.ac.id/id/eprint/2388

Actions (login required)

View Item View Item